Turmeric trading range for the day is 7850-8322 - Kedia Advisory
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Turmeric
Turmeric trading range for the day is 7850-8322.
Turmeric dropped on profit booking after prices gained as support seen on following export demand from Europe, Gulf countries and Bangladesh.
Turmeric crops were severely damaged in Parbhani and Hingole due to heavy rains.
India is on course to having a normal monsoon, which will recharge the country’s main water reservoirs just enough.
In Nizamabad, a major spot market in AP, the price ended at 7618.75 Rupees dropped -43.15 Rupees.
Jeera
Jeera trading range for the day is 14085-14985.
Jeera dropped on profit booking after prices gained due to the forecast of drought like conditions in Gujarat-Rajasthan
India's cumin exports will increase due to less supply from Afghanistan-Syrian
Export of cumin is expected to reach a record level of 2.50 to 2.75 lakh tonnes in the current year
In Unjha, a key spot market in Gujarat, jeera edged down by -176.45 Rupees to end at 14741.2 Rupees per 100 kg.
Dhaniya
Dhaniya trading range for the day is 7923-8467.
Dhaniya dropped on profit booking after prices gained due to lack of rain and high prices in the international market and situation of scarcity
The crop of Russia-Ukraine is normal, whereas in Bulgaria, the crop of coriander has increased from last year and in Syria only 30% of the crop is there
Due to increase in freight due to shortage of container-vessels, there is a perception that the price of coriander will increase
In Kota spot market in Rajasthan the prices dropped -88.95 Rupees to end at 7879.8 Rupees per 100 kg.
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